RE:Q4 Net profit $9.1 million NOT a loss Diversified Royalty Q4 Loss Widens Despite Revenue Gains
MIDNIGHTTRADER - Updated 4 days ago
05:10 PM EDT, 03/21/2024 (MT Newswires) -- Diversified Royalty (DIV.TO) on Thursday said its fourth-quarter loss widened despite higher revenue.
The company said it lost C$9.1 million in the period, compared with loss of C$4.5 million in the year-prior quarter.
Revenue rose 26% to C$16.4 million from C$12.7 million.
"The fourth quarter of 2023 once again saw strong performances across most of our royalty partners. Mr. Lube + Tires, our largest royalty partner, continues to produce strong double-digit growth," chief executive Sean Morrison said in a release.
The company's shares closed up C$0.01 to C$2,87.
I was reading this from TD but after all who cares. I have explained myself 1000 x why I switched the most of DIV to AD.UN . As I got older I started to think large.